United Parcel Service is cutting 20,000 jobs amid a reduction in Amazon shipments.UPS announced the job cuts plan Tuesday as part of a cost-cutting effort that's linked to fewer deliveries from Amazon, its biggest customer.맥스카지노�We are reducing the amount of volume we deliver for Amazon by more than 50% by June 2026. Associated with this volume reduction, we are undertaking the largest network reconfiguration in our history. This effort has been combined with our Network of the Future initiative as both will help drive us to a more efficient network. The first phase of our network reconfiguration includes 164 operational closures, including 73 building closures by the end of June of this year,맥스카지노� UPS CFO Brian Dykes said. 맥스카지노�Operational reduction target for 2025 is around 20,000 positions. Position changes are not only connected to the buildings we are closing but will also be made across the entire U.S. network. Our planned reductions are in line with the total Amazon volume decline.맥스카지노�UPS currently has around 490,000 employees operating in more than 200 countries. The layoffs would impact a little over 4% of its workforce.Along with the job cuts, the company announced it will also close 73 of its buildings by the end of June 2025 and said that it may target additional buildings for closure. "These actions will enable us to expand our U.S. Domestic operating margin and increase profitability," Dykes said.UPS announced $21.5 billion in revenue for this past quarter, saying it expects to save $3.5 billion this year as a result of its consolidation plan. "The reduction of package volume from Amazon is something UPS chose to do as we focus on revenue quality, and increase domestic operating margin and profitability," said a UPS spokesperson.